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Real Estate Agents Act 2008

Licensing - Provisions relating to licences

44: Special provisions in respect of partnerships and companies

You could also call this:

"Rules for real estate agents in partnerships and companies"

Illustration for Real Estate Agents Act 2008

You need a licence to work as a real estate agent. If you get a licence and then want to start a partnership, you must ask the Authority for permission first. The Authority will only say yes if your new partner also has a licence. If a company has a real estate agent licence, at least one person in charge of the company must have a licence too. You can compare this to s 30 to see how it works.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1152017.

Topics:
Business > Industry rulesHousing and property > Buying and selling homes
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43: Registrar to license applicant or decline application, or

"The Registrar decides whether to give you a licence to be a real estate agent or not."

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45: Duty to produce evidence of issue of licence, or

"Show your licence proof when asked"

Part 3Licensing
Provisions relating to licences

44Special provisions in respect of partnerships and companies

  1. A person must not, after the issue to him or her of an agent's licence, enter into partnership with any person in respect of his or her business as an agent without the prior approval of the Authority; and the Authority must refuse to grant its approval unless it is satisfied that the proposed partner holds an agent's licence.

  2. If a company is the holder of an agent's licence, at least 1 officer of the company must, at any given time, hold an agent's licence.

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